Workday Inc (WDAY) Received its Third Buy in a Row

After Piper Jaffray and Guggenheim gave Workday Inc (NASDAQ: WDAY) a Buy rating last month, the company received another Buy, this time from Morgan Stanley. Analyst Keith Weiss maintained a Buy rating on Workday Inc today and set a price target of $154. The company’s shares closed yesterday at $156.69, close to its 52-week high of $157.12.

According to TipRanks.com, Weiss is a 5-star analyst with an average return of 19.2% and a 73.6% success rate. Weiss covers the Technology sector, focusing on stocks such as Salesforce.com, Symantec Corp, and Microsoft.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Workday Inc with a $159.93 average price target, a 2.1% upside from current levels. In a report issued on August 22, Needham also maintained a Buy rating on the stock with a $170 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $157.12 and a one-year low of $95.35. Currently, Workday Inc has an average volume of 1.8M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Workday, Inc. engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management, and analytics applications designed for companies, educational institutions, and government agencies.